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the inflation–unemployment dynamics during the recession and COVID-19 times in India and the UK. Using a generalized … recession and eventually turn to stagflation in India due to inflation caused by the weak supply side. However, in the UK, the …
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igniting inflationary pressure. In this paper the evidence for a change in the relationship between inflation and unemployment … impact of including explicit inflation expectations is also considered. This channel has not been explored in previous work … based on Kalman filter estimates of the NAIRU for the United States and United Kingdom. Inflation expectations are found to …
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